Misr Insurance Renews Policy Covering Nile Sugar Company With EGP 1.4 Bln

Misr Insurance Company (Non-life) has renewed the insurance policy of Nile Sugar Company for a year, sources said.

The insurance policy covers the company’s buildings and properties against risks of fire, burglary and breach of trust as well as marine transport coverage with value of EGP 1.4 billion, sources added.

Misr Insurance Company awaits the National Bank of Egypt, owner of Talaat Harb Mall, to submit all the required legal and financial documents concerning the blaze that damaged the Mall in order to compensate it.

The fourth and fifth floors of Talaat Harb Mall in Downtown were on fire from about two weeks. The Mall was covered by an insurance policy against all risks with value of EGP 50 million.